Latest news with #JackLu
Fox News
2 days ago
- Fox News
Experts weigh in on key moments that could decide Karen Read's fate in murder trial
Karen Read's retrial in the death of Boston cop John O'Keefe is near an end after more than a month's worth of pivotal say key moments decided the case in their minds. Now her fate is in the hands of David Gelman, a Philadelphia-area defense attorney and former prosecutor, that moment was when special prosecutor Hank Brennan played police dashcam video of the crime scene, showing Read's frantic reaction to finding her boyfriend unresponsive in the OF KAREN READ NOW IN JURY'S HANDS AS MURDER TRIAL REACHES CRITICAL PHASE"Showing the video of O'Keefe's body, the jury saw how Read reacted, and it really puts them at the alleged scene," he told Fox News Digital. "Seeing her reaction in the courtroom is a big moment. The jury I guarantee wanted to see her reaction."Jack Lu, a retired Massachusetts judge and Boston College law professor, said the key moments were peppered throughout the trial whenever Brennan played clips from Read's many televised interviews, putting her words in front of the jury without her taking the stand in her own defense."She boxed herself in," he reused some of those clips in his closing argument Friday to dramatic effect, he READ TRIAL NEARS ITS FINALE: WHAT EACH SIDE IS BANKING ONWATCH: Prosecution plays Karen Read interview clip before resting case in trial "I cannot identify a better trial lawyer I have personally observed in 40 plus years at the Massachusetts bar," he said of the special the defense also put on a strong case in an effort to contradict the prosecution's entire theory about how O'Keefe died, according to Grace Edwards, a Massachusetts trial attorney who is closely following the case."The pivotal point for me was learning that ARCCA, having been hired by the defense, did their own testing – and that testing proved there was no collision," she told Fox News Digital. "Add on the testimony of Dr. Laposata to say the injuries were not consistent with being struck by a vehicle and I was sold."KAREN READ ANNOUNCES SHE WILL NOT TESTIFY IN HER DEFENSE AS MASSACHUSETTS TRIAL NEARS CONCLUSIONARCCA, a crash reconstruction firm, sent two scientists to testify in the trial. Both agreed that the damage to Read's car and injuries to O'Keefe were out of alignment. GET REAL-TIME UPDATES DIRECTLY ON THE TRUE CRIME HUBJurors began deliberating around 2:40 p.m. Friday after both sides had an hour and 15 minutes to give closing arguments and Judge Beverly Cannone spent about an hour reading jury selected Juror No. 5 to be the foreperson. The court clerk randomly pulled Nos. 13, 7, 6, 17, 2, and 8 as alternates, and they will not take part in deliberations unless someone is 4:30 p.m., the judge sent jurors home for the weekend. Deliberations resume Monday 45, is accused of slamming her 2021 Lexus SUV into O'Keefe and leaving him to die on the ground in a blizzard on Jan. 29, 2022. Jurors heard more than 30 days of testimony in a trial that began on April 22. Before that was three weeks of jury THE FOX TRUE CRIME TEAM ON XRead's first trial ended with a deadlocked jury last year after the panel could not reach a unanimous agreement on all of the charges against is accused of second-degree murder, drunken driving manslaughter and leaving the scene of a deadly and defense attorney Alan Jackson gave impassioned closing arguments – with diametrically opposed conclusions about the UP TO GET THE TRUE CRIME NEWSLETTERThe defense asserted that a sloppy investigation and a disgraced lead detective left too many questions unanswered and prematurely accused Read of a crash that never happened."There was no collision," Jackson told jurors three times to kick off his final argument. Furthermore, police didn't investigate other potential sources of O'Keefe's injuries, interview key witnesses or even follow protocols at the crime Brennan countered that the defense theories are far-fetched and contradicted by clear evidence – the data from O'Keefe's phone and Read's car, as well as the taillight fragments embedded in his clothes."She was drunk. She hit him. And she left him to die," Brennan said. "It's that simple."O'Keefe, described by friends as a selfless 46-year-old who took in his orphaned niece and nephew, may even have survived if someone had called for help after he fell, Brennan who has won and lost in trials as both a prosecutor and a criminal defense attorney, said both sides put on powerful cases from start to finish."Both closed strong," he said. "But if it's even, that's reasonable doubt."
Yahoo
19-05-2025
- Business
- Yahoo
BounceBit Pilots Bitcoin Trading Strategy Using BlackRock's BUIDL as Collateral
BounceBit, a crypto infrastructure provider using features from both centralized (CeFi) and decentralized finance (DeFi), has executed a bitcoin (BTC) derivatives trading strategy using BlackRock's yield-generating tokenized money market fund, BUIDL, to enhance returns. The strategy, to be rolled out to institutions and retail users, consisted of two main components: a bitcoin basis trade, involving a long position in the spot market while shorting futures, and a short position in BTC put options, both collateralized by BUIDL tokens. The basis trade, also known as cash and carry arbitrage, alone generated an annualized yield of 4.7%, with put option writing contributing an additional 15%. Combined with the 4.25% return from BUIDL used as collateral, the total yield exceeded 24%. Integrating BUIDL as collateral helped generate a higher return than strategies collateralized by stablecoins, which do not generate any return. "This strategy allows investors to capture both Treasury Bill yields and funding rate arbitrage returns," Jack Lu, founder and CEO of BounceBit said in a press release exclusively shared with CoinDesk. "BounceBit bridges the gap between Western real-world asset issuers and Asian crypto trading infrastructure, providing new options for yield generation," Lu said. BounceBit is the native BTC restaking chain secured by staking both bitcoin and BounceBit tokens. The network allows BTC holders to earn yields through native validator staking, DeFi ecosystem and a CeFi-like mechanism powered by Ceffu and Mainnet Digital. As of writing, cryptocurrencies worth over $500 million were locked on BounceBit. BounceBit plans to roll out the BUIDL-collateralised strategy to institutional and retail users soon. "The successful pilot is a proof of concept to our new product line BB Prime, which will be available to both retail and institutional users," BounceBit's spokesperson told CoinDesk. "This strategy underpins BB Prime as a new class of CeDeFi applications built on top of RWAs which are traditionally troubled by a lack of utilities beyond just holding for t-bill yield, hindering mass adoption," the spokesperson added. BUIDL, launched in March 2024 by Securitize and BlackRock, is a tokenized investment fund operating on multiple blockchains, including Ethereum, Aptos and Polygon. The token, currently boasting a market cap of $2.88 billion, is backed by short-term U.S. government bonds, boasting a stable value pegged at one dollar per token. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-04-2025
- Business
- Yahoo
NFT Marketplace Magic Eden Buys Trading App Slingshot
Non-fungible token (NFT) marketplace Magic Eden has acquired Slingshot, a trading app that allows users to see their crypto balance across multiple protocols. Slingshot allows users to trade tokens from a single universal USDC balance, removing hurdles like wallet setup, bridging assets across chains, and juggling gas fees, thus expanding Magic Eden well past Solana to every chain, including bitcoin. 'This acquisition is a major step forward in advancing the Magic Eden vision, which is to provide users worldwide with a seamless and safe way to buy and sell crypto and digital assets across all chains,' Jack Lu, CEO and Co-Founder of Magic Eden said in a blog post. 'Pairing Slingshot's team of product visionaries with Magic Eden's best-in-class marketing and scaling capabilities accelerates our ability to have an impact on the future of crypto.' Magic Eden says the Slingshot acquisition will bolster its plans to offer more fiat-to-crypto onramps through platforms like Apple Pay and Venmo, and introduce AI-assisted tools for easier token discovery and trading. Magic Eden itself generated $75 million in NFT marketplace revenue in 2024, according to a post on X by Lu. Lu said that incorporating Slingshot's abstraction tech positions it to effectively compete against centralized crypto exchanges. At the same time, this comes as the NFT market continues to contract. A report from DappRadar shows that in 2024, NFT trading volumes fell by 19% despite a broad market bull run. More recently, the NFT marketplace X2Y2 said its closing its virtual doors citing declining trading volume. Sign in to access your portfolio
